Economic news

Mexico’s economy is likely to have shrunk by 17% in April, finance minister Arturo Herrera told local broadcaster W Radio on Thursday. However, he reassured that the economy could shrink “a little less” in May as lockdown measures ease. The second-largest economy in Latin America shrank by 1.2% from January to March, according to the […]

Asian shares traded slightly higher earlier on Wednesday after China released gloomy inflation data on the same day. China’s Shanghai Composite slid by 0.68% at 10:48 PM ET (3:48 AM GMT), while the Shenzhen Component inched up by 0.9%. Hong Kong’s Hang Seng Index lost 0.6%. Meanwhile, Japan’s Nikkei gained 0.03%, while South Korea’s KOSPI […]

Early Tuesday saw European stocks push lower, resulting from signs of a weakening German economy, the region’s industrial powerhouse. The DAX in Germany traded 0.9% lower at 3:55 AM ET (0705 GMT). Also experiencing the plunge are France’s CAC 40 which fell by 0.7% and the U.K.’s FTSE index by 0.7%. In April, German exports […]

German imports and exports took a huge hit in April, revealing a record plunge since 1990 after the COVID-19 pandemic severely disrupted demand and supply. The data on Tuesday added to the bleak outlook for the biggest economy in Europe. Many had previously speculated that the pandemic would lead the German economy into its biggest […]

The U.S. Dollar traded slightly higher in Europe on Tuesday. However, gains were limited as investors awaited the next U.S. Federal Reserve meeting for hints on their next move. The Dollar Index inched up by 0.2% to 96.823 at 3:05 AM ET (0705 GMT), falling over 3% in May. U.S. employment data for May surprised […]

Asian shares kept their momentum, extending their winning streak for nine consecutive sessions on Tuesday. Moreover, oil prices advanced as lockdown easing in many countries made investors enthusiastic over a relatively fast economic recuperation. MSCI’s broadest index of Asia-Pacific shares outside Japan has retained its performance, adding another strong session to its longest winning streak […]

France is expected to recover in 2022, forecasting that the country’s economy will recuperate from its sharpest post-war recession brought by the novel coronavirus crisis, the central bank said on Tuesday. Europe’s second-largest economy is expected to decline by 10.3% this year. Though it is likely to contract, economic recovery is still possible as the […]

The breakfast and coffee chain Dunkin’ Brands Group Inc. (DNKN.O) stated on Monday that its franchise operators are planning to hire up to 25,000 employees in light of high demand after the United States reopened the restaurant industry. The Massachusetts-based company said that 90% of its restaurants were reopened and it would hire new jobs […]

The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the private research group responsible for making such determinations, made the official proclamation on Monday. The bureau declared that […]

A post-Brexit trade agreement is now brewing between the former European bloc member Britain and Asia’s second-largest economy Japan in which both sides hope to come up with a free trade deal by the end of this year. After launching its formal negotiations sans-Brexit with the United States last month, Britain is looking to secure […]